Morepen Laboratories Limited is a well-known Pharma company that was established in 1984. In a span of a few decades, the company has created a strong global presence in the world and exports 800+ products across 82 countries globally.
At present, its share price is Rs 30.73, which shows a bullish trend in the stock market. The company reported a revenue of Rs 366.81 crore, showing a year-on-year decline of 0.9 per cent. The net income is Rs 8.24 crore and the net profit margin is 2.25 per cent.
If we look at its segment-wise performance, APIs at 20%, Diagnostics at 42%, Formulations at 13% and Dr Morepen – OTC at 22% in the March 2023 quarter.
If we look at its last 5 years record, it touched a high of Rs 72.40 in June 2021 and a low of Rs 7.21 in 2020. And the average price over the years was Rs.25.00 to Rs.40.00. The PE ratio is 39.92 and the ROE is 5.81 per cent.
In this prediction, we are going to forecast the share price of Morepen Labs for the years 2023, 2024, 2025, 2026, 2028 and 2030. The target price is based on our research, experience and forecast systems.
Morepen Labs – Overview
Morepen Laboratories Limited was incorporated in 1984 and is based in Gurugram, India. The company manufactures active pharmaceutical ingredients (APIs), home diagnostics, formulations, and many other products. Morepen Labs is listed on both the BSE and NSE exchanges in India.
The company provides APIs for anti-histaminic, anti-asthmatic, anti-lipemic, anti-diabetic drugs, anti-hypertensive, anti-coagulant and home diagnostic products, such as air purifiers, sphygmomanometers, thermometers, stethoscopes, glucometers, blood pressure monitors. Is. , pulse-oximeter, nebulizer, blood glucose test strips, etc.
It also provides Burnol, a burn cream; Fibre-X, Fever X, for fever; Pain X for Pain; for acidity x acidity; and formulations for nutrition and probiotics, gastroenterology, antibiotics, gynaecology and more.
Morepen Labs – Fundamentals
Morepen has always been committed to its quality products and huge demand in global and domestic markets. It is listed on the NSE and BSE in India, and investors can buy and sell its shares. It has strong management and immense potential for future growth.
History of Last 5 Years
| Year | Month | Low (₹) | High (₹) |
|---|---|---|---|
| 2018 | Feb | 34.10 | 40.00 |
| 2018 | Oct | 18.80 | 26.90 |
| 2019 | Feb | 16.55 | 20.20 |
| 2019 | Oct | 14.65 | 17.20 |
| 2020 | Feb | 12.00 | 15.95 |
| 2020 | Oct | 23.85 | 31.90 |
| 2021 | Feb | 27.30 | 31.70 |
| 2021 | Oct | 48.10 | 59.30 |
| 2022 | Feb | 36.55 | 53.50 |
| 2022 | Oct | 23.60 | 29.35 |
NB: Readers are advised that the estimated target share price is based on our experience, research and technical analysis. The target price is only an estimated value that may differ from the actual price at that time. Therefore, you are advised to do your own research and consult with your financial advisor.
Morepen share price target 2023-2030
In 2023, the estimated target price of Morepen shares can be Rs 21.20 to Rs 30.50 at the beginning of the year. At the end of the year, the maximum share price can reach Rs 25.50 to Rs 35.80.
| Year | Month | Low (₹) | High (₹) |
|---|---|---|---|
| 2023 | Feb | 21.20 | 30.50 |
| 2023 | Sept | 25.50 | 35.80 |
Morepen Lab share price target 2024
The minimum share price target for Morepen Labs shares is Rs 37.60 to Rs 42.30 in 2024. At the end of the year, the maximum price of Morepen Labs shares can reach Rs 37.85 to Rs 47.60.
| Target | Low (₹) | High (₹) |
|---|---|---|
| Target-I | 37.60 | 42.30 |
| Target-II | 37.85 | 47.60 |
Morepen Lab share price target 2025
Based on our research and forecast system, the minimum target price for Morepen shares is Rs 45.10 to Rs 55.80 in 2025. The highest target price for Morepen Labs shares is Rs 53.60 to Rs 72.50 at the end of 2025.
| Target | Low (₹) | High (₹) |
|---|---|---|
| Target-I | 45.10 | 55.80 |
| Target-II | 53.60 | 72.50 |
Morepen Lab share price target 2026
As per our research, the lowest share price target for Morepen Labs in 2026 is Rs 55.20 to Rs 65.80. The highest target price of Morepen Labs shares is Rs 71.10 to Rs 85.20 by the end of the year.
| Year | Low (₹) | High (₹) |
|---|---|---|
| 2026 | 55.20 | 65.80 |
| 2026 | 71.10 | 85.20 |
Morepen Lab share price target 2028
Based on our research and technical analysis, the minimum target price of Morepen Lab shares is Rs 95.90 to Rs 105.30 in 2028. And the maximum price target for Morepen Labs shares is Rs 120.50 to Rs 145.70 at the end of 2028.
| Year | Low (₹) | High (₹) |
|---|---|---|
| 2028 | 95.90 | 105.30 |
| 2028 | 120.50 | 145.70 |
Morepen Lab share price target 2030
In 2030, based on our experience, research and forecast system, we have a minimum target price of Rs 135.60 to Rs 145.20 for Morepen Labs shares. Morepen Labs shares have an upper target price of Rs 155.40 to Rs 175.50 in mid-2030.
| Year | Low (₹) | High (₹) |
|---|---|---|
| 2030 | 135.60 | 145.20 |
| 2030 | 155.40 | 175.50 |
Shareholding pattern (2023)
| Name of shareholders | No of shares | Percentage |
|---|---|---|
| Total shares | 499168708 | 100% |
| Promoter & Promoter Group | 155371588 | 36.74% |
| Public | 315797120 | 63.26% |
| Financial Institutions | – | – |
| Others | – | – |
Risk Factors
The share market is dynamic, and changes according to market demands and other factors. So, Morepen Labs also the same and it is a highly competitive industry. And the industry is always at risk for new entrants. The following factors can affect its share prices.
- Demand & Supply: Demand and supply in the market play an important role in the market, there are many reasons in the world and it can affect the share prices.
- Competition: This is also can affect the financial performance of any company when there is huge competition in the market.
- Govt. Laws: Sometimes the government changes its financial laws, which affects the negative financial performance of any company.
- Global Crisis: Global crisis comes in various ways in the world. Of course, it can destroy the economic structure.
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FAQs
A: The target price of Morepen Lab shares in 2025 is Rs 53.60 to Rs 72.50.
A: Morepen Labs shares are a good long-term buy and are expected to give healthy returns over the next 24 months.
A: Based on our research, it has long-term growth prospects, and Morepen Labs share price for 2025 is Rs 72.50, and for 2030 its share price can be Rs 175.70.
A: The maximum target price for Morepen Lab shares is Rs 120.50 to Rs 145.70 by 2028.
A: The target price for Morepen Labs shares is Rs 155.40 to Rs 175.50 by 2030.
Disclaimer: The target price on our website (bankshala.com) is for general information only. We are not SEBI-registered financial advisors and no part of the website content provided by us should be considered financial advice for your investments. Before investing in any company you should do your own research and consult your financial advisor.
